What is Tri-Supply?
Tri-Supply, founded in Chicago in 1946 by Ralph Margolis, has a rich history in the industrial supply sector. Initially known for originating the "covered hanger," the company underwent substantial expansion throughout the 1960s. This period saw the opening of multiple branch warehouses across the Midwest, including Rockford, Illinois, Appleton, Wisconsin, and Cedar Rapids, Iowa. Further diversification occurred with the acquisition of Tagit Company, a manufacturer of garment marking tags, and a merger with T-H Rockford, specializing in industrial chemicals. In 1969, Tri-Supply was acquired by Thompson-Hayward Chem Co. and operated as its TRI-Supply Division, indicating a strategic move to integrate its operations within a larger chemical conglomerate.
How much funding has Tri-Supply raised?
Tri-Supply has raised a total of $251K across 2 funding rounds:
Debt
$150K
Debt
$101K
Debt (2020): $150K with participation from PPP
Debt (2021): $101K led by PPP
Key Investors in Tri-Supply
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Tri-Supply?
Operating within a large-scale, late-stage funding environment, Tri-Supply is poised for significant strategic advancements. The recent major strategic investment suggests a focus on scaling operations, expanding market reach, or potentially integrating new technologies to enhance its supply chain capabilities. This capital will likely fuel further development and solidify its competitive advantage in the industrial supply and chemical sectors, building upon its long-standing legacy.
See full Tri-Supply company page
